https://www.taxtmi.com/caselaws?id=442481 The Tribunal held that the Principal Commissioner of Income-Tax's order invoking section 263 was not justified as the Assessing Officer had conducted a proper inquiry. The Tribunal quashed the order under section 263 and allowed the appeal of the assessee, concluding that the assessment order under section 143(3) was not erroneous or prejudicial to the revenue. en-us Mon, 28 Aug 2023 00:00:00 +0530 Sat, 02 Sep 2023 07:51:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442481 The Tribunal held that the Principal Commissioner of Income-Tax's order invoking section 263 was not justified as the Assessing Officer had conducted a proper inquiry. The Tribunal quashed the order under section 263 and allowed the appeal of the assessee, concluding that the assessment order under section 143(3) was not erroneous or prejudicial to the revenue. Case-Laws Income Tax Mon, 28 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442481